Vedanta to progress from asset manager to asset owners, says chairman Anil Agarwal
6 months, 3 weeks ago

Vedanta to progress from asset manager to asset owners, says chairman Anil Agarwal

Live Mint  

The proposed demerger of Vedanta's diverse verticals that represent more than 15 commodities, will see the company progress from being asset managers to asset owners, Chairman Anil Agarwal has said. The upcoming demerger of our diverse verticals that represent more than 15 commodities, will see us progress from being asset managers to asset owners," Agarwal said in a latest report. As the company passes through the transition phase, Vedanta is focusing on consolidating and strengthening its asset base to emerge as world leaders in each of its verticals, the Chairman said. Vedanta reported a 36.5 per cent rise in consolidated net profit at ₹3,606 crore for the quarter ended June 30, 2024, due to improved margins and robust cost reduction across all operations.

Company Vedanta Asset Demerger  manager  crore  period  vedanta  asset  company  verticals  progress  yearago  owners  demerger  agarwal  proposed  anil  businesses  chairman

History of this topic

Vedanta Demerger: Shareholders approve the proposed 5-unit plan— Key things to know
1 month ago

Vedanta Demerger: Shareholders approve the proposed 5-unit plan— Key things to know

Live Mint  

Vedanta Ltd., a leading private-sector mining giant last week secured approval from its shareholders and creditors to proceed with its much-anticipated demerger plan. Key things to know Demerger Approval: A Step Towards Transformation On February 18, 2025, Vedanta convened meetings with its shareholders, secured creditors, and unsecured creditors, all of whom overwhelmingly supported the restructuring plan. In total, the sum-of-the-parts …

Breaking up to grow: Vedanta’s demerger and its impact on investors
Trending News
1 month ago

Breaking up to grow: Vedanta’s demerger and its impact on investors

Live Mint  

India is witnessing a surge in corporate demergers, with major conglomerates restructuring to unlock hidden value and sharpen their strategic focus. Read this | Vedanta: After a robust Q3, all eyes now on demerger timeline About Vedanta Vedanta is a global natural resources giant with a strong presence in India and operations spanning multiple sectors, including aluminum, copper, zinc, lead, …

Vedanta demerger receives approval from shareholders, creditors
1 month, 1 week ago

Vedanta demerger receives approval from shareholders, creditors

The Hindu  

“Vedanta Limited has received approval from its shareholders and creditors for its proposal to demerge the company into five independent, sector-specific companies,” according to a stock exchange filing by the company. government According to Vedanta’s demerger scheme, every Vedanta shareholder will receive one additional share in each of the four newly demerged companies on the completion of the demerger process. …

Vedanta share price pares intraday loss after getting shareholders’ nod for demerger
1 month, 1 week ago

Vedanta share price pares intraday loss after getting shareholders’ nod for demerger

Live Mint  

Vedanta share price pared intraday losses to trade higher after the mining conglomerate received approval from its shareholders and creditors for its proposed demerged plan. The shareholders, secured creditors, and unsecured creditors of Vedanta have approved the proposed demerger scheme in the meetings convened on Tuesday, February 18. Vedanta demerger scheme involves the separation of Vedanta Ltd into five independent, …

Vedanta shareholders, creditors to decide on demerger plan on February 18
2 months, 1 week ago

Vedanta shareholders, creditors to decide on demerger plan on February 18

The Hindu  

Mining conglomerate Vedanta Ltd on Friday said that its shareholders and creditors will meet next month to decide on the proposed demerger of the company. The meeting of equity shareholders, secured creditors and unsecured creditors of Vedanta Ltd is "scheduled to be held on Tuesday, February 18. in the matter of proposed scheme of arrangement between Vedanta Ltd and Vedanta …

‘Not only about succession, creating an institution that will last 500 years’: Anil Agarwal at HTLS
4 months, 1 week ago

‘Not only about succession, creating an institution that will last 500 years’: Anil Agarwal at HTLS

Hindustan Times  

NEW DELHI: Vedanta Group founder Anil Agarwal on Saturday said his daughter Priya Agarwal Hebbar could be a successor to his personal wealth, but the family at the head of the mining conglomerate is focused on building an institution which will be more inclusive and with a vision spanning the next 500 years. Speaking at the 22nd Hindustan Times Leadership …

Vedanta Q4 net profit falls 27% to ₹1,369 crore
11 months ago

Vedanta Q4 net profit falls 27% to ₹1,369 crore

Hindustan Times  

Anil Agarwal-led Vedanta Ltd on Thursday reported a 27.2 per cent decline in consolidated net profit to ₹1,369 crore for the March quarter on account of a one-time impairment of Tuticorin asset. The company had posted a consolidated net profit of ₹1,881 crore in the year-ago period, Vedanta said in a filing to the BSE. "Through continued cost optimisation, we …

'Demerger process to be completed in next 9-12 months', says Vedanta's aluminium business head
1 year, 1 month ago

'Demerger process to be completed in next 9-12 months', says Vedanta's aluminium business head

New Indian Express  

"We also need approval from our current lenders in the allocation of debt across the various entities that will be separated. The move, he said, will be an evolutionary step for Vedanta's aluminium business as it will help Vedanta Aluminium to chart out its own course. "I think more fundamentally it enables our investors and Vedanta Resources to really have …

Vedanta may lose third CFO amid restructuring reports, stock tanks around 3%
1 year, 5 months ago

Vedanta may lose third CFO amid restructuring reports, stock tanks around 3%

Live Mint  

Vedanta Ltd is likely to lose its third chief financial officer in as many years just as the mining conglomerate controlled by billionaire Anil Agarwal heads into an ambitious restructuring of its businesses, according to a report published by Bloomberg. People familiar with the matter, on the condition of anonymity, said that Sonal Shrivastava who joined the company in June …

Vedanta Shares Rise Over 4% On Demerger Plan; Know What Analysts Say About The Stock
1 year, 5 months ago

Vedanta Shares Rise Over 4% On Demerger Plan; Know What Analysts Say About The Stock

News 18  

Vedanta Demerger: Vedanta shares gained on Tuesday after the company approved restructuring that includes demerger of its diversified business into six separate listed companies. As part of the arrangement, shareholders will get one share each in the five new listed entities for every share held in Vedanta Ltd. Here’s how the demerged businesses would look like: Vedanta Ltd: The currently …

Vedanta Ltd shares surge 5% following major business restructuring announcement
1 year, 5 months ago

Vedanta Ltd shares surge 5% following major business restructuring announcement

India TV News  

Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. As part of this strategic move, Vedanta's flagship company has given the green light to spin off its metals, power, aluminum, and oil and gas businesses into separate listed entities. This demerger process, contingent upon approvals from shareholders, …

Vedanta to demerge units into six independent listed entities
1 year, 6 months ago

Vedanta to demerge units into six independent listed entities

The Hindu  

Vedanta Ltd., the resources and power producer, plans to demerge its various business units into what it calls ‘pure play’ companies to “unlock value and attract big ticket investment” to enable expansion and growth of each of the six businesses. The company’s board on Friday approved a ‘pure play asset owner’ business model that will lead to creation and separate …

Vedanta plans zinc business shake-up as debt payment looms
1 year, 6 months ago

Vedanta plans zinc business shake-up as debt payment looms

Hindustan Times  

Billionaire Anil Agarwal is exploring an overhaul of his lucrative Indian zinc unit that could split out its three core businesses, as part of the wider Vedanta group’s efforts to reduce a multibillion dollar debt load. Vedanta chairman Anil Agarwal Hindustan Zinc Ltd. said in a statement that it could create separate legal entities for its zinc & lead, silver, …

Vedanta chairman mulls to split different businesses into separate companies
1 year, 7 months ago

Vedanta chairman mulls to split different businesses into separate companies

The Hindu  

Vedanta Ltd. on Friday informed the stock exchanges that its Chairman Anil Agarwal had shared his idea with shareholders at a Chairman Townhall held on May 31, 2023 to split different businesses of Vedanta Ltd. into separate companies and get them listed for better valuation and to attract a new set of investors. In a video filed with the exchanges, …

Vedanta says stake sale talks baseless; shares tumble
2 years ago

Vedanta says stake sale talks baseless; shares tumble

Live Mint  

Indian billionaire Anil Agarwal-led Vedanta Ltd said on Thursday that talks of any stake sale in the mining major was "untrue and baseless", reported Reuters, after a media report that the tycoon was weighing selling less than 5% stake in the company. Agarwal is studying options including selling a minority stake in Vedanta as he looks to shrink his commodities …

Vedanta’s Anil Agarwal said to weigh stake sale as last-resort option
2 years ago

Vedanta’s Anil Agarwal said to weigh stake sale as last-resort option

Live Mint  

Indian tycoon Anil Agarwal is studying options including selling a minority stake in Vedanta Ltd. as he looks to shrink his commodities business empire’s massive debt load, according to people familiar with the matter. Agarwal’s Vedanta Resources Ltd., which owns about 70% of Vedanta, has been in talks with at least three banks for a loan of as much as …

Vedanta must take care not to sound like India’s next Adani
2 years, 1 month ago

Vedanta must take care not to sound like India’s next Adani

Live Mint  

Highly leveraged Indian tycoons are having a rough time. Anil Agarwal’s once-London-listed Vedanta Resources has a pile of debt, including a $1 billion bond due January. Around this time last year, when the US Fed was still to begin raising interest rates to tame inflation and Russia’s war in Ukraine had started to send commodities surging, Agarwal was toying with …

Vedanta AGM: Company Plans Capex Of $3 Billion Over Next Two Years, Says Anil Agarwal
2 years, 7 months ago

Vedanta AGM: Company Plans Capex Of $3 Billion Over Next Two Years, Says Anil Agarwal

ABP News  

Vedanta's Chairman Anil Agarwal on Wednesday said the company aims to become a $100 billion company by 2030. The chairman in his speech at the company's 57th annual general meeting said the company has planned a capex of around $3 billion over the next two years for growth and vertical integration. According to the Vedanta release, Agarwal on company’s growth …

Taking Vedanta private will give Anil Agarwal-controlled parent firm access of company cash; deal credit positive: Moody's
4 years, 10 months ago

Taking Vedanta private will give Anil Agarwal-controlled parent firm access of company cash; deal credit positive: Moody's

Firstpost  

On 18 May, Agarwal-chaired board of directors of Vedanta Ltd approved its parent, VRL’s open offer. “The acquisition of the minority stake will be at a price that is the higher of either the floor price, Rs 87.5 per share – a 10 percent premium over the closing market price of Rs 79.6 on May 11 – or the price …

Vedanta to invest around $8 bn over the next 3 years
6 years, 7 months ago

Vedanta to invest around $8 bn over the next 3 years

The Quint  

Mumbai, Aug 24 Natural resources company Vedanta Chairman Navin Agarwal on Friday said the company will invest around $8 billion in growth projects across businesses, over the next three years. "With this immense growth potential, I'm pleased to report that your company will invest around $8 billion, on growth projects across our businesses, over the next 3 years," Agarwal said …

Vedanta to invest $8 bn in 3 years
6 years, 7 months ago

Vedanta to invest $8 bn in 3 years

Live Mint  

New Delhi: Metals and mining giant Vedanta Ltd on Friday said it will pump in around $8 billion over the next three years on various projects across businesses. There is immense growth potential in sight, Vedanta Ltd Chairman Navin Agarwal said at the company’s annual general meeting, where he made the investment announcement. Towards this, your company will invest $3-4 …

Vedanta to invest close to Rs 56,000 crore over three years, says chairman Navin Agarwal
6 years, 7 months ago

Vedanta to invest close to Rs 56,000 crore over three years, says chairman Navin Agarwal

Firstpost  

Metals and mining giant Vedanta Ltd on Friday said it will pump in around $8 billion over the next three years on various projects across businesses. New Delhi: Metals and mining giant Vedanta Ltd on Friday said it will pump in around $8 billion over the next three years on various projects across businesses. There is immense growth potential in …

Vedanta on the look out for new CEO
11 years, 2 months ago

Vedanta on the look out for new CEO

The Hindu  

London-listed Vedanta Resources is looking to appoint a new Chief Executive as the present incumbent M S Mehta has agreed to continue for only 3 months. M S Mehta has agreed to extend his employment contract until 31 March 2014 while the Nominations Committee concludes the search for his successor.” Industry sources said former Rio Tinto head Tom Albanese is …

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